On December 2, the domestic steel market went up and down, and the ex-factory price of Tangshan Pu’s billet remained stable at 4,290 yuan/ton. In the early trading, black futures generally rose, and some spot markets continued to rise. In the afternoon, crude and fuel futures fell significantly, downstream terminal purchasing enthusiasm declined, and the steel market transaction volume shrank.
On the 2nd, the main force of the snails rose and fell. The closing price of 4288 rose by 1.32%. DIF and DEA went up in both directions. The third-line RSI index was at 46-66, running between the middle track and the upper track of the Bollinger Band.
On the 2nd, two domestic steel mills raised their ex-factory prices by RMB 20/ton, and one company lowered their ex-factory prices by RMB 50/ton.
Post time: Dec-03-2021